Officially, the project got the go-ahead only if it meets a lengthy list of 209 conditions, but even though the decision will be Ottawa's final say on the matter, the project is anything but a sure thing.

Northern Gateway took a tentative step towards completion, but other major pipelines like Kinder Morgan's and TransCanada's Keystone XL still need final approval, so we'll be hearing a lot about pipelines for a long while yet.

Hot home prices

The market for high-end scotches is booming, with some bottles going for tens of thousands of dollars. (Jeff J Mitchell/Reuters)

In another story that seems to never end, prepare yourself for a shock: Canadian home prices went up by a lot this month, and policymakers worry the housing market is overheated.

That may be great news for anyone who already owns, but experts say over the long term, house prices that go up too far too fast is bad for every other part of the economy. There is, after all, a limit to how much people can borrow to buy a house before they start having no money for anyone else.

New record high on TSX

House prices aren't the only things breaking records this week. On Wednesday, the TSX did something that investors have been waiting a long time for — six years, to be exact.

The TSX's benchmark index set a new all-time closing high of 15,109 on Wednesday. That's the highest the index has ever been since exactly six years earlier, on June 18, 2008, when the TSX set its old record at 15,073.

Nobody at the time though the 2008 level would be a high-water mark, but in the 10 months that followed that date, the global financial crisis happened and the TSX lost half its value. Time will tell if history repeats itself again.

High-end scotch market booming

The market for high-end whisky is booming, Saltzman found, but as any scotch drinker can tell you, not all single malts are created equal.

The right tipple can wet the whistles of investors to the tune of $30,000 or more a bottle, but you likely need to go to a scotch auction in Europe to see that type of appreciation — both as an asset, and as a libation.

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